Tom Hunter’s West Coast Capital has opted not to bid
for multititle cataloguer Flying Brands. In a statement
Flying Brands said that “it is no longer in talks with West
Coast Capital or any other party regarding an offer for the
company”. Flying Brands’ catalogues include Flying
Flowers and Gardening Direct.
“Efforts to rescue the stores arm of Woolworths are
close to collapse after the retailer’s lenders refused to sign up
to a deal, it has been reported” the Press Association reports.
Restructuring specialist Hilco had offered to pay
£1 and take on about £250 million of Woolworths’ debt
in exchange for its roughly 800 stores.